Eric Schmidt relinquinshes Alphabet executive chairman position to become merely "technical director"

Eric Schmidt relinquinshes Alphabet executive chairman position to become merely

Alphabet is all set to have a new face to take up the role of Executive Chairman of the Board of Directors now that Eric Schmidt has announced his retirement from the position.

Schmidt, who 17-years-ago stepped in as the adult in the room to guide the then-young company, said he will spend his time working on science and technology issues and philanthropy. He also plans to spend time on philanthropy and on "science and technology issues", he said in the statement.

No reason was given for the sudden departure, which will likely lead to some speculation in the coming weeks.

"Larry, Sergey, Sundar and I all believe that the time is right in Alphabet's evolution for this transition", said Schmidt.

A new chairman of the board will be appointed for Alphabet.

More news: NBC paid Chris Matthews staffer after harassment claim

Google attributes Mr. Schmidt as the person who was able to refine Google from what it originally was and into the mature powerhouse business that it has become today.

Page and Brin will continue to head up Alphabet and will retain voting control, but the shift underlines how "a new generation of leaders is firmly in charge at the giant company", according to The New York Times.

While Schmidt left the role of CEO, he has been acting as the company's executive chair ever since - and took on the same role at Alphabet, formed in 2015 to act as a parent company for Google and associated ventures. He made it clear that the company appreciated everything Schmidt had done for the company "particularly as we restructured from Google to Alphabet". Schmidt had previously worked at Sun Microsystems and Novell before being hired by Brin and Page to run the company.

In his advisory role, the expectation is that Schmidt will help spearhead Sidewalk Labs (Alphabet's deep learning initiative) and see him hands on with Verily and Calico working in healthcare.

This article was originally published by The Hollywood Reporter.

Related News:



Most liked

Who Is Sholom Rubashkin? Trump Commutes Sentence Of Rabbi Jailed For Fraud
Agriprocessors fell into financial hardship following the raid and was veering into bankruptcy, forcing Rubashkin to sell it. Many Jewish organizations in the United States also expressed their happiness at Rubashkin's release.

Royal sparks controversy after wearing 'racist' brooch to meet Meghan Markle
In 2004, she reportedly told a group of black customers in a New York City restaurant to " go back to the colonies ". It would be easier to look the other way if the princess didn't have history of racism-but she unfortunately does.

German pilots' union calls first-ever Ryanair strike on Friday
It said initial negotiations were cancelled at short notice after Ryanair refused to meet two of the representatives present. IMPACT had given the airline a midday deadline saying that strike action could be renewed if an agreement was not delivered.

Pakistan issues visas to Kulbhushan Jadhav's wife and mother
The Foreign Office sources said that adequate security measures will be taken for complete safety of Kulbhushan Jadhav's family. Jadhav was arrested previous year in Balochistan province for spying and stoking terrorism and sectarianism in the country.

Shortest Day Of The Year....True Or False?
Another imaginary line drawn straight through Earth connecting the North Pole to the South Pole is Earth's axis of rotation. But spare a thought for the northern hemisphere where it's the winter solstice and the tables are turned.

Kids Are Counting on Congress to Protect Their Health
But Alabama health officials say they will likely close the program in the new year if Congress doesn't renew funding. President Donald Trump made the decision months ago that in March, the program will end.

Meryl Streep 'She Knew' posters surface in LA over Weinstein reaction
McGowan later apologized for her comments about Marchesa and said, "There is no map for this road I'm on, I will f- up". Like many other accusers, Perkins said Weinstein would ask for massages or request that she be present while he bathed.

Jeep Cherokee adopts more conventional styling
The SUV also comes with a new rear bumper with silver rear diffuser and dual chrome-tipped exhaust. Fans might notice more wide-open headlights, among other changes.

Sterling edges up but traders cautious on Brexit talks
The 21-month transition would align the UK's final departure with the end of the EU's seven-year budget, to which Britain contributes.

Facebook just added a simple 'on/off switch' for its facial recognition features
In fact, that's put Facebook afoul of state laws and using this technology is outright banned in Canada and Europe. More specifically, the poster must set the image's audience to "everyone" for you to be notified.

Mobile phone laws are changing to make it easier to change providers
Lindsey Fussell, Ofcom's consumer group director, said: 'Too many people are put off by the hassle of switching mobile provider. Gaining-provider is a proposal whereby the network you want to switch to just sorts it out for you.

Fog warning for West Sussex
A Dense Fog Advisory is in effect for all of west Tennessee and parts of northeast Arkansas and northeast MS until midnight. A good deal of dry weather is expected, but there will be a risk of some scattered patches of drizzle also.

Flu Shot is Safe for Those with Egg Allergies
Most flu vaccines administered today are manufactured using chicken eggs and contain trace amounts of a protein called ovalbumin. ZANESVILLE, Ohio- Flu activity has officially been elevated to "widespread" in the state of Ohio according to health officials.

New AirPods orders won't arrive until after Christmas
Apple has sold out for AirPods, its wireless headphones created to work with iPhones and iPads, with a week left until Christmas. But if your family is prone to last-minute shopping then you could miss on getting a pair of AirPods this Christmas .

Gujarat Polls: EVMs are tampered: Hardik
Hardik Patel again escalated his allegations over BJP for EVM tampering in Gujarat after the results. In the last assembly elections in the state in 2012, the BJP won 115 seats and the Congress 61.